Aperam (OTCMKTS:APEMY) Sees Strong Trading Volume - Should You Buy?

Key Points

• Aperam shares experienced a significant increase in trading volume of 61%, with 950 shares traded, as the stock price fell from $31.13 to $30.20.
• Analysts have downgraded Aperam's stock rating, with Jefferies lowering it from "buy" to "hold" and BNP Paribas from "strong-buy" to "neutral."
• The company reported quarterly earnings of $0.09 per share, missing forecasts, and recently declared a dividend yield of 5.9% with a dividend payout ratio of 54.15%.

Shares of Aperam (OTCMKTS:APEMY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 950 shares traded hands during trading, an increase of 61% from the previous session's volume of 591 shares.The stock last traded at $30.20 and had previously closed at $31.13.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on APEMY. Jefferies Financial Group lowered shares of Aperam from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. BNP Paribas lowered shares of Aperam from a "strong-buy" rating to a "neutral" rating in a research note on Monday, April 7th.

Aperam Price Performance

The company has a quick ratio of 0.43, a current ratio of 1.73 and a debt-to-equity ratio of 0.15. The business's 50-day moving average is $31.32 and its two-hundred day moving average is $30.49. The company has a market capitalization of $2.13 billion, a P/E ratio of 10.09 and a beta of 1.37.

Aperam (OTCMKTS:APEMY - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.10). Aperam had a net margin of 3.11% and a return on equity of 1.72%. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.71 billion. As a group, analysts predict that Aperam will post 2.84 earnings per share for the current year.

Aperam Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 12th. Investors of record on Monday, May 19th were issued a dividend of $0.444 per share. This represents a yield of 590.0%. The ex-dividend date was Friday, May 16th. Aperam's dividend payout ratio (DPR) is 65.40%.

About Aperam

Aperam SA, together with its subsidiaries, produces and sells stainless and specialty steel products worldwide. It operates through four segments: Stainless & Electrical Steel; Services & Solutions; Alloys & Specialties; and Recycling & Renewables. The company offers a range of stainless steel products, including grain oriented and non-grain oriented electrical steel products, and specialty alloys.